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Inter Company Services Agreement
"I need an Inter Company Services Agreement under Pakistani law for IT support services between our Karachi-based parent company and its new subsidiary in Islamabad, with the agreement to commence from March 1, 2025, including specific provisions for staff secondment and data protection."
1. Parties: Identification of the service provider and service recipient companies, including registration details and addresses
2. Background: Context of the agreement, relationship between the parties, and purpose of the arrangement
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided, including service levels and standards
5. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
6. Payment Terms: Service fees, payment methods, currency, invoicing procedures, and payment timelines
7. Service Provider Obligations: Key responsibilities and commitments of the service provider
8. Service Recipient Obligations: Key responsibilities and commitments of the service recipient
9. Performance Standards: Quality metrics, KPIs, and service level requirements
10. Intellectual Property Rights: Ownership and usage rights of IP created or used during service provision
11. Confidentiality: Protection of confidential information exchanged during service provision
12. Compliance with Laws: Commitment to comply with relevant Pakistani laws, including tax and transfer pricing regulations
13. Liability and Indemnification: Allocation of risks and responsibilities between parties
14. Force Majeure: Provisions for unforeseen circumstances affecting service delivery
15. Dispute Resolution: Process for resolving disputes between parties
16. General Provisions: Standard boilerplate clauses including notices, amendments, and governing law
1. Staff Deployment: Terms for deployment of personnel between companies, used when staff secondment is part of the services
2. Foreign Exchange Compliance: Additional provisions for cross-border services and payments, required for international arrangements
3. Group Company Rights: Rights and obligations extending to wider group companies, used in complex corporate structures
4. Data Protection: Specific data handling and protection requirements, needed when personal or sensitive data is processed
5. Transfer Pricing Compliance: Detailed transfer pricing provisions, required for high-value or complex service arrangements
6. Audit Rights: Provisions for auditing service delivery and compliance, important for regulated services
7. Business Continuity: Requirements for service continuity and disaster recovery, crucial for essential services
8. Exit Management: Detailed exit procedures, important for complex or critical services
1. Schedule 1 - Service Description: Detailed breakdown of services, including scope, deliverables, and exclusions
2. Schedule 2 - Service Levels: Specific performance metrics, KPIs, and quality standards
3. Schedule 3 - Charges: Detailed fee structure, including calculation methods and cost allocation
4. Schedule 4 - Key Personnel: List of key staff members involved in service delivery
5. Schedule 5 - Transfer Pricing Methodology: Documentation of pricing methodology and compliance with regulations
6. Schedule 6 - Governance and Reporting: Service management procedures and reporting requirements
7. Appendix A - Service Request Form: Template for requesting additional or modified services
8. Appendix B - Rate Card: Standard rates for additional services or personnel
9. Appendix C - Contact Details: Key contact information for both parties
Authors
Agreement
Applicable Law
Business Day
Charges
Commencement Date
Confidential Information
Control
Dispute
Effective Date
Force Majeure Event
Good Industry Practice
Group
Group Company
Initial Term
Intellectual Property Rights
Key Personnel
Material Breach
Parent Company
Performance Standards
Related Party
Relevant Authority
Services
Service Levels
Service Provider
Service Recipient
Service Specification
State Bank of Pakistan
Subsidiary
Tax
Term
Territory
Transfer Pricing Requirements
Working Hours
Change Control
Deliverables
Documentation
Emergency
Pakistani Rupee
Performance Reports
Quality Standards
Records
Regulatory Requirements
Service Credits
Service Failure
SLA
Termination Date
Third Party
VAT
Withholding Tax
Definitions
Services Scope
Term and Duration
Service Provider Obligations
Service Recipient Obligations
Payment Terms
Invoicing
Transfer Pricing
Performance Standards
Service Levels
Key Personnel
Intellectual Property
Confidentiality
Data Protection
Compliance with Laws
Regulatory Requirements
Audit Rights
Record Keeping
Force Majeure
Liability
Indemnification
Insurance
Staff and Resources
Governance
Change Control
Dispute Resolution
Termination
Exit Management
Assignment and Subcontracting
Non-Solicitation
Notices
Entire Agreement
Severability
Amendments
Waiver
Third Party Rights
Governing Law
Foreign Exchange Compliance
Anti-Corruption
Business Continuity
Reporting Requirements
Quality Control
Tax Compliance
Group Company Rights
Competition Law Compliance
Financial Services
Information Technology
Manufacturing
Professional Services
Healthcare
Telecommunications
Energy
Retail
Logistics
Pharmaceutical
Real Estate
Construction
Automotive
Consumer Goods
Agriculture
Legal
Finance
Compliance
Tax
Corporate Governance
Operations
Risk Management
Internal Audit
Procurement
Business Development
Corporate Affairs
Treasury
Commercial
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Corporate Secretary
Head of Compliance
Finance Director
Tax Manager
Operations Director
Commercial Director
Group Services Manager
Transfer Pricing Specialist
Corporate Governance Officer
Risk Manager
Financial Controller
Head of Legal
Company Secretary
Internal Audit Manager
Business Development Manager
Procurement Manager
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